Forrester Research (FORR) Balance Sheet: Assets & Liabilities

Forrester Research (FORR) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Forrester Research reported total assets of $404.03M and total liabilities of $277.51M. Shareholders' equity was $126.53M, down 44.9% from $229.54M a year earlier. Total debt stood at $71.89M against $127.66M in cash and short-term investments, a net cash position of $55.76M. That puts debt-to-equity at 0.57, compared with 0.21 a year earlier.

Forrester Research Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Forrester Research, Inc. (FORR) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	63.34	56.09	72.91	103.63	115.77	90.26	67.90	140.30	79.79
Short-Term Investments	64.32	48.58	51.58	19.69	18.51	0.00	0.00	0.00	54.33
Cash & Short-Term Investments	127.66	104.67	124.49	123.32	134.28	90.26	67.90	140.30	134.12
Accounts Receivable	50.85	55.49	59.00	73.35	86.97	84.70	84.61	67.32	70.02
Inventory	0.00	0.00	0.00	0.00	0.00	23.62	20.33	15.68	13.73
Other Current Assets	34.18	18.26	32.51	38.63	18.61	18.59	19.20	28.48	32.67
Total Current Assets	212.69	201.36	216.00	235.29	269.49	217.16	192.04	236.09	236.82
Non-Current Assets
Property, Plant & Equipment (Net)	41.88	38.75	59.12	73.18	93.25	96.33	99.04	22.01	25.25
Long-Term Investments	0.00	0.00	0.00	0.00	0.60	0.00	2.54	2.50	1.90
Goodwill	120.38	227.96	244.26	242.15	244.99	247.21	243.90	85.17	76.17
Intangible Assets	18.73	27.48	37.64	49.50	62.73	78.00	97.36	4.95	0.73
Other Non-Current Assets	10.36	8.32	7.16	8.32	9.66	5.52	3.29	5.31	0.83
Total Non-Current Assets	191.35	302.50	348.17	373.15	410.64	427.06	447.12	117.43	108.38
Total Assets	404.03	503.86	564.17	608.44	680.13	644.22	639.16	353.52	345.20
Current Liabilities
Accounts Payable	0.83	0.97	1.80	0.36	0.84	0.66	0.51	0.59	0.22
Short-Term Debt	42.38	12.76	14.18	13.63	12.99	24.47	21.58	0.00	0.00
Current Portion of Long-Term Debt	35.00	-	-	-	-	-	-	-	-
Accrued Liabilities	62.42	30.88	81.48	91.01	61.98	-	-	-	-
Deferred Revenue	141.81	145.40	156.80	178.02	213.70	179.97	179.19	135.33	145.21
Other Current Liabilities	55.04	11.82	62.62	17.97	18.10	56.32	62.33	51.07	45.72
Total Current Liabilities	240.06	203.97	240.08	269.39	312.34	269.75	268.93	189.99	195.05
Non-Current Liabilities
Long-Term Debt	29.51	35.00	72.67	50.00	75.00	165.62	188.23	0.00	0.00
Deferred Tax Liabilities	5.88	8.71	8.68	14.13	21.35	21.53	22.88	0.97	0.50
Other Non-Current Liabilities	2.05	1.84	2.48	16.64	2.50	1.56	1.03	10.97	8.96
Total Non-Current Liabilities	37.45	70.35	83.83	117.39	163.89	188.71	212.14	11.94	8.96
Total Liabilities	277.51	274.33	323.91	386.78	476.22	458.45	481.07	201.92	204.01
Stockholders' Equity
Common Stock	0.26	0.25	0.25	0.24	0.24	0.24	0.23	0.23	0.22
Retained Earnings	52.57	171.93	177.68	174.63	152.83	127.98	118.15	127.72	123.01
Accumulated Other Comprehensive Income	-1.09	-7.75	-4.57	-7.92	-3.19	-0.69	-4.86	-5.15	-2.01
Treasury Stock	229.62	227.12	211.15	207.07	191.96	-	-	-	-
Additional Paid-in Capital	74.79	292.22	66.91	54.70	245.99	58.24	44.57	28.81	19.97
Shares Outstanding	19.01	18.84	19.25	19.06	19.06	-	-	-	-
Total Stockholders' Equity	126.53	229.54	240.27	221.66	203.91	185.77	158.09	151.60	141.19
Total Liabilities & Equity	404.03	503.86	564.17	608.44	680.13	644.22	639.16	353.52	345.20

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Forrester Research Balance Sheet

How much debt does Forrester Research have?

Forrester Research had total debt of $71.89M as of Dec 31, 2025, against $127.66M in cash and short-term investments. Its debt-to-equity ratio was 0.57. Total debt was $47.76M a year earlier.

What are Forrester Research's total assets?

Forrester Research reported total assets of $404.03M as of Dec 31, 2025, down 19.8% from $503.86M a year earlier. Total liabilities were $277.51M.

What is Forrester Research's shareholders' equity?

Forrester Research's shareholders' equity was $126.53M as of Dec 31, 2025, or about $6.65 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition